Plan Ledger DOL Form 5500 · updated monthly

The Inspirational Network, Inc.401(k)

THE INSPIRATIONAL NETWORK 401(K) BENEFIT PLAN · INDIAN LAND, SC · plan year 2024

Reported admin expense ratio · 2024
0.21%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

The Inspirational Network, Inc. reported $97,895 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $2,073 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.14% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 118th-largest of 807 plans among South Carolina employers on file, and the 444th of 3,341 in other services. In 2024, employees put in $3.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$48,267,679
Participants with balances770
Active participants659
Employer contributions$1,365,907
Employee contributions$4,536,500
Employer contribution per active participant$2,073
Average account balance$62,685
Benefits paid to participants$8,920,833
Plan auditUnmodified (clean) audit opinion
AuditorCAPIN CROUSE LLC
Plan history3
Yearassets · accounts · employer contribution
2024$48.3M · 770 accts · $1.4M emplr
2023$45.0M · 804 accts · $2.5M emplr
2022$34.3M · 783 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,311
Investment management$17,584
Total administrative$97,895
The The Inspirational Network, Inc. 401(k) match · 2024
Employer contribution per active participant$2,073
Median for plans this size$2,416
2024$2,073 per active participant
2023$3,433 per active participant
2022$1,888 per active participant

The Inspirational Network, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$80,167
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$13,098

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$97,895 · 0.21%
2023$64,666 · 0.16%
2022$47,220 · 0.14%
Same employer
Similar plansOther Services · South Carolina
Integrated Power Services SC$138.1M · 0.18%
Ltc Management, LLC SC$21.3M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570931093 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.